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International efforts, such as the Paris Agreement, aim to reduce greenhouse gas emissions. But experts say countries aren’t doing enough to limit dangerous global warming.
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April 5, 2011
Politics and Government
Is Operation Odyssey Dawn Constitutional? Part V
Most Americans think of the Supreme Court as the legal equivalent of a baseball umpire. In their view, the Court’s job is to call legal balls and strikes, and thereby tell us what the law is. So…
September 22, 2005
Monetary Policy
Where are the world’s reserves going?
In my post "has the US outsourced creative thinking about external adjustment to France," I noted that purchases of Treasuries by central banks have fallen off - even though global reserve accumulati…
September 7, 2007
China
Is China selling its Treasuries?
Combine two data points The August fall in Treasury holdings in the Federal Reserve Bank of New York’s custodial accounts (the data is released weekly here); andThe very modest increase in China’s re…
July 15, 2006
Capital Flows
A new club of creditors …
Andrew Rozanov – a senior manager in the official institutions group of State Street Global Advisors – thinks America’s creditors in Asia and the oil producing world should create a club (sort of lik…
October 9, 2007
Financial Markets
Outsourced (the United States’ strong dollar policy)
Alan Ruskin of RBS Greenwich capital makes an important point in the Financial Times. The US has effectively outsourced its strong dollar policy to the emerging world. It isn't even clear that th…